Moser Baer Photo Voltaic Limited (MBPV), a wholly owned subsidiary of Moser Baer India Limited (MBI), acquired a significant minority stake in Stion Corporation, a nanostructures technology company based in California, formerly known as NStructures. This investment follows equity participation in two other solar concentrator technology companies, Solaria and SolFocus, announced previously.

"We are decisively responding to the rapidly expanding solar PV market, where worldwide demand far outstrips supply." -- Ravi Khanna, Moser Baer Photovoltaic Limited, CEO